Record the 2024 depreciation for the leased asset using straight-line depreciation, assuming there is no residual value. (List debit entry before credit entry. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Round answers to 0 decimal places, e.g. 5,276.) Record the interest accrual relating to the lease liability at year end. (List debit entry before credit entry. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Round answers to 0 decimal places, e.g. 5,275.) eTextbook and Media Attempts: 0 of 2 used (d). What amount relating to the lease will appear as a current liability on Norman's December 31, 2024, balance sheet? What amount will appear as non-current? Current Lease Liability $ Non-Current Lease Liability $ Cullumber Corporation reports under IFRS and has a December year end. Cullumber leases equipment on January 3, 2024. It agrees to make annual lease payments of $20,800 over five years at an interest rate of 3.7% with the first payment made at the start of the lease. Cullumber expects to return the asset at the end of the lease. The present value of the lease payments is $96,839. Cullumber has a December 31 year end. Click here to view the factor table. Present Value of 1 Click here to view the factor table. Present Value of an Annuity of 1 (a) Record the leased asset, liability and the payment made at the start of the lease term. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. For calculation purposes, use 5 decimal places as displayed in the factor table provided. Round answer to 0 decimal places, e.g. 5,276.)